Average Price: Coffee, Instant, Plain, 3.1-6 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban
APU0100717412 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.05
Year-over-Year Change
0.88%
Date Range
1/1/1980 - 8/1/1980
Summary
This economic trend measures the average price of instant, plain coffee in the 3.1-6 ounce size range within the Northeast Census Region of the United States. It provides insight into consumer prices and purchasing power in the coffee market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Coffee, Instant, Plain, 3.1-6 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban trend tracks the retail price of a common consumer good, offering a window into regional price dynamics and consumer behavior.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region.
Historical Context
This price trend is used by economists and policymakers to analyze consumer spending patterns and inflationary pressures.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Instant coffee accounts for over a quarter of the U.S. coffee market.
- Prices in the Northeast tend to be higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of instant, plain coffee in the 3.1-6 ounce size range within the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides valuable insight into consumer behavior and inflationary pressures in the Northeast coffee market, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This price trend is used by economists and policymakers to analyze consumer spending patterns and inflationary pressures in the Northeast region.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the retailer surveys in the Northeast region.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, 3.1-6 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban (APU0100717412), retrieved from FRED.